Reflections on the green light subsidy for environmental purposes

Article Abstract:

The Agreement on Subsidies and Countervailing Measures (ASCM) came into effect in 1994 after the Uruguay Round trade negotiations were completed. The ASCM classifies subsidies into three categories: the non-actionable, prohibited and actionable. Traffic light terminology has been applied to these categories so that non-actionable subsidies are termed green light subsidies, while prohibited and actionable subsidies are described as being red light and yellow light subsidies. As a rule, green light subsidies cover non-specific subsidies on education, infrastructure and the environment.

Administration of General Economic Programs, Administration of Air and Water Resource and Solid Waste Management Programs, Trade Relations, Environmental Programs, Laws, regulations and rules, International economic relations, Trade policy, Environmental protection, International trade regulation

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Environmentalism confronts GATT rules; recent developments and new opportunities

Article Abstract:

The job of the GATT is to combat protectionism, and it should steer clear of environmental matters as long as they do not amount to protectionism. This approach would solve the clash between environmental policies and GATT rules as evidenced by the conflict over the Tuna-Dolphin report. Environmental trade measures such as the International Dolphin Conservation Act, the Driftnet Enforcement Act and the Wild Bird Conservation Act are outside of GATT jurisdiction as long as they have no protectionist elements.

Free trade

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Subsidy, polluter pays principle and financial assistance among countries

Article Abstract:

A new study analyses how domestic and international subsidies should be regulated among countries' environmental polices.

Economic aspects

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